U.S. Dollar Trading (USD) was well supported as US GDP beat estimates although it fell the most in 18 years down -3.8% in the 4th quarter Y/Y. US stocks fell 2% as the market absorbed the recessionary numbers. The USD benefited though as safe haven buying supported. Consumer Sentiment was revised to 61.2 vs. 61.9 previously in January. Crude Oil closed up $0.24 ending the New York session at $41.68 per barrel. In US share markets, the Dow Jones fell 148 points or -1.82% and the NASDAQ fell 31 points or -2.08%. Looking ahead, December Core PCE expected at 0.0% unchanged from November. Also released, January ISM forecast to rise 33.1 vs. 32.9 in December.
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